Sector Snapshot: Australia Oil & Gas

Oil and gas workers in Australia are the best paid in the world, according to a survey by recruitment firm Hays Oil and Gas. (Photo: Stock.xchng)

BUSINESS June 15, 2011 | 5:37 PM

Australia is world's 18th largest producer of natural gas

Australia is 7th largest exporter of LNG globally

Australia is also the third-largest LNG exporter in Asia-Pacific

The oil and gas industry is a major contributor to the Australian economy with total revenue of nearly $7 billion in 2010.

Australia’s biggest export in the industry is liquefied natural gas (LNG). Australia is the 18th largest producer of natural gas in the world and the seventh largest exporter of LNG. It is also the third-largest LNG exporter in the Asia-Pacific region. Australia’s LNG industry is forecast to continue its strong growth, with exports expected to rise at an annual rate of nearly 3.5% between 2010 and 2015.

Oil and gas workers in Australia are the best paid in the world, according to a survey by recruitment firm Hays Oil and Gas. Across the world, oil and gas workers make nearly $76,000 per year on average, while in Australia they make over $140,000 per year.

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By Jon McAllister for ReportlinkerBased in the UK, Jon McAllister reports on current events, technology and business news for leading online publications.

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